Cheap Apartments for Rent in Leonardo, NJ from $663 (53 Rentals)

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Search the lowest-cost Apartments available for rent right now in Leonardo.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Brookwood Estates
1 to 2 Bedroom Apartments

Brookwood Estates

153 Grand AveAtlantic Highlands, NJ 07716
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Sutton Commons
1 Bedroom Apartments

Sutton Commons

165 Branch AveRed Bank, NJ 07701
  • Utilities Included
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Navesink Woods
1 to 3 Bedroom Apartments

Navesink Woods

1027 Highway 36Atlantic Highlands, NJ 07716
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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57 Peters Place
Studio to 2 Bedroom Apartments

57 Peters Place

57 Peters PlRed Bank, NJ 07701
  • Utilities Included
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Harbor House
1 to 2 Bedroom Apartments

Harbor House

60 1st AveAtlantic Highlands, NJ 07716

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Leonardo, NJ Local Guide

Cheapest Available Leonardo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Leonardo, NJ is a Studio unit found at Beachway Apartments in the Aberdeen Hazlet Middletown neighborhood priced from $1,350. Bayshore Village (62+) in the Port Monmouth neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,444. Here is today’s list of the most affordable Leonardo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Beachway ApartmentsStandard StudioStudio,1BA$1,350
Bayshore Village (62+)1 Bed, 1 bath1BR,1BA$1,444
Oceanport Gardens1 BD / 1 BA1BR,1BA$1,540
Keyport Harbor Apartment HomesStudio RenovatedStudio,1BA$1,675
KNOLLWOOD GARDENS/ NO PETS ALLOWED1 BEDRM FIRST FLOOR1BR,1BA$1,725
Buena Vista1 BR1BR,1BA$1,750
Cove on the Bay1 bedroom1BR,1BA$1,818
240 LB Elmwood1BR/1.0BA1BR,1BA$1,892
Lakeview Terrace Apartment HomesOne Bedroom - 750 sqft1BR,1BA$1,975
Eatoncrest Apartment HomesOne Bedroom - 648 sqft1BR,1BA$2,040

Best Value Apartments for Rent in Leonardo, NJ and Nearby

As of September 11, 2026 the best value apartment in the Leonardo area is the $2.56 price per square foot Penthouse Duplex Model at Cove on the Bay in the in the Aberdeen Hazlet Middletown neighborhood starting from $3,700. The second greatest value Leonardo apartment is the B3 Model at The Apartments at Aberdeen Station starting at $2,782 with a $2.62 price per square foot in the Crestview Cove neighborhood. Here is today’s list of the best values for Leonardo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cove on the BayPenthouse Duplex2BR,2BA$2.56
The Apartments at Aberdeen StationB32BR,2BA$2.62
Wedgewood Gardens1 Bedroom FM1BR,1BA$2.46
Pleasure Bay1 Bedroom1BR,1BA$2.62
240 LB Elmwood1BR/1.0BA1BR,1BA$2.34
Lakeview Terrace Apartment HomesOne Bedroom - 750 sqft1BR,1BA$2.63
Beachway ApartmentsRenovated 1 Bedroom1BR,1BA$2.32
KNOLLWOOD GARDENS/ NO PETS ALLOWED1 BEDRM FIRST FLOOR1BR,1BA$2.56
Bayshore Village (62+)1 Bed, 1 bath1BR,1BA$2.15
Oceanport Gardens1 BD / 1 BA1BR,1BA$2.57

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Leonardo, NJ Rentals by Map

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See the most popular apartments and homes in Leonardo, NJ

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Frequently Asked Questions about Cheap Leonardo Apartments

What is the Cheapest Studio apartment in Leonardo?

Currently the most affordable Cheap Studio Apartment in Leonardo is at Beachway Apartments listed at $1,350.

How much is rent for a Cheap One Bedroom Leonardo Apartment?

The lowest price for a Cheap One Bedroom Leonardo Apartment is $1,444 at Bayshore Village (62+).

What is the lowest price for a Cheap Two Bedroom Leonardo Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Leonardo is starting from $1,734 at Bayshore Village (62+).

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.